Michigan Compiled Laws § 500.7234 Reciprocal Insurance Exchanges; Filing Of Fire, Lightning, Or Windstorm Rates.

500.7234 Reciprocal insurance exchanges; filing of fire, lightning, or windstorm rates.

Sec. 7234.

Any reciprocal or interinsurance exchange exchanging contracts of indemnity between its subscribers and providing coverage for loss by fire, lightning or windstorm and which maintains its own rates and schedule of rates shall not be required to join or become a member of a fire insurance rating bureau but may, in lieu of joining such bureau, file with the commissioner its schedule of rates.

History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218

Section: Previous  500.7200  500.7202  500.7206  500.7210  500.7214  500.7218  500.7222  500.7226  500.7230  500.7234  

Last modified: October 10, 2016